do we get a 2 or 3 week deal and done….or something worse?  I’ll go for the 2-3 wk correction which could be down a few days then 2 weeks of chop and slop as the mkt builds a base…I will be banking 1/4 of my position on the open cause my options expire friday…and if we get a rebound after the 1st 1/2 hr…a lot of the juice can come out of the VXX…this way I lock in my full cost and some lunch money…gold’s holding up well…

Canada’s Barrick Gold (TSX: ABX) (NYSE: GOLD) and Tanzania inked a deal on Friday that grants the African nation stakes in the three gold mines the company operates there, ending a long-running tax dispute and setting a template for negotiations with other firms.

The ceremony comes three months after both parties reached an agreement in which Barrick accepted to pay $300 million to settle outstanding tax and other disputes. The deal also includes the lifting of a concentrate export ban and the sharing of future economic benefits from the miner’s operations in the country on a 50-50 basis.

It also ratifies the creation of Twiga Minerals Corporation, a company jointly owned by Barrick and the Tanzanian government, which will oversee the management of the Toronto-based miner’s local operations.

cont. https://www.mining.com/barrick-irons-out-issues-in-tanzania-with-historic-deal/

snip

The coronavirus coming out of Wuhan is going to pop the “Everything Bubble.” It would be wrong to think of it as a minor pinprick. With somewhere between 35 and 50 million people in China already under quarantine in a dozen cities it would be a lot more like a thermonuclear blast that will flatten every bubble in sight. In all of recorded history no nation has ever managed an effective quarantine on so many people. With transportation screeching to a halt, the lives of millions of those people are at risk due to a simple lack of food or warm shelter.

Every form of sickness that can be passed on has a reproductive number. If a cold or flu in one person is passed on to only one other person, it has an R0 of 1. Below 1 the flu or cold will eventually disappear. Above 1 the sickness will be passed on to more and more people. A typical seasonal flu comes in at an R0 of 1.28; the 2009 flu pandemic came in at 1.48 and the deadly Spanish Flu of 1918-measured 1.80. Lancet believes this coronavirus is between 3.6 and 4.0. And it’s deadly.

This has the potential for being the biggest mass casualty event in world history. At the very least it will take down the financial system as the world economy grinds to a halt with efforts to contain the virus.

Now would be a great time to be prepared for a disaster bigger than any in history. On January 1, 2020 I posted a piece warning of a stock market crash.

It’s here and it’s now

http://www.321gold.com/editorials/moriarty/moriarty012720.html

PPT starting to test the sellers..

edit: Looks like the test was only good for 40 pts. before falling back – just a probe

I’d be surprised if the PPT doesn’t show up today at least once or twice.

Best guess, once in the pre-market to ease the pain and probe the sellers and again later in the day.

The SM cannot be allowed to die.

PM shares look strong pre-market.

Tks for that

Dunno if this is relevant, but we already have a bad flu type bug around, that hits the lungs hard and lasts for weeks and then comes back, again and again……a number of people I know have had it.

The NY FED trade desk better come in pretty soon or there could be a VOL-explosion like they wuz back in december 2018–it was all in one day…I don’t remember for sure but a short VOL etf crashed from about $90 to a buck…no?? Anybody recall the exact details?? Maddog? Captain?

https://futures.tradingcharts.com/marketquotes/GC_.html

Fridays volume was over 5 times the daily average—did any-O-you boys pick up some of those VXX calls I’ve been flagging for the past 6 weeks…they wuz 6 bucks a copy early Friday morning—they traded for $27 Friday afternoon…snort!

Saying safe haven would be treasuries and maybe Yen. But. Gold seems to follow yen.
Said gold maybe not that people are buying for the current financial and currency climate. I think that would be considered a safe haven.

Now getting more information. It’s like Sars but doesn’t work as fast. It’s not killing young healthy people as much as older and the compromised.
According to what is being said it is a new form of the virus
It attaches to the lungs cells then takes over the cells blueprints and instructs the cells to make more of the virus and killing the cells in the process.
It will depend on how well and fast the body can make antibodies to grab up the virus.
In this case not only getting immune system up and antiviral herbs but include antioxidants to protect the cells. Imo
Still have to watch out for the inflammation process and cytokine storm.
They really should identify these antibodies in survivors and use them in medicine to combat the virus.

Apparently China buys gold in good times and with this outbreak may affect it.
5 Million Chinese left the city prior to the lock down.
Wonder what products they make and sell.

Silver snow Zephyr
https://railpictures.net/photo/719846/

know damm well that it isn’t warranted…but they have been going with the flow reluctantly…this sets up the possiblility for PANIC…if the mkts don’t immediately recover—there have been huge profits booked and the boys know they can go up in smoke in 2 or 3 days….that said lets see the the FED desk and the PPT can do by morning …and tomorrow

we shouldn’t expect too much out of this decline. the psychology has something to do with everybody is expecting a good break here so if stocks recover speculators will be less likely to short sell

As I have said on friday-that bears and bulls….NOBODY can imagine a serious decline–even diehard bears dare not call more than a 3 to 5% decline followed by new highs…one day the mkt will just slow/fast crash & not recover quickly…so I see xxxxxxx and armstrongs call as typical in that they call for a decline that is not serious but they “promise” that there really will be a big one later—scouts honor!! and, they, of course will be on top of the situation and let us know ahead of time…like mighty mouse they will “come to save the day”

https://www.youtube.com/results?search_query=mighty+mouse+will+come+to+save+the+day

Not sure they can turn this one, not until the panic is over/hasn’t spread too badly etc….all they can do is limit the moves…..

Gee, weren’t things supposed to get better over there, after they got rid of Saddam? And regime change? Are we surprised?

Parts:

“AFP reports three rockets hit US embassy directly, as US calls on Iraq to protect the diplomatic facility.

The US embassy in Baghdad’s heavliy-fortified green zone came under attack from rocket fire on Sunday evening.

Five rockets crashed into a river bank near the embassy in the Iraqi capital without causing any injuries, the US Joint Operations Command said in a statement, but AFP news agency citing a security source said that three of the rockets “directly hit the US embassy”. One slammed into a cafeteria at dinner time, it added.”

https://www.aljazeera.com/news/2020/01/iraq-rockets-hit-baghdad-green-zone-anti-gov-protests-200126195616176.html

Buygold–yeah…the dows down 230 but IT’S GONNA BE A LONG NIGHT…

Yeah, they’re slowly picking apart the gold and silver prices. Still seeing the DOW down 300 but I suspect that if gold turns south the DOW will head north.

Just the way of the world these days.

https://futures.tradingcharts.com/marketquotes/ZB.html

https://futures.tradingcharts.com/marketquotes/GC_.html

Seems like they contained it locking down the whole city so hopefully it won’t spread to here or other countries. Only one or two here and there so far so good. Just have to be careful during the incubation period.
It would be easy for them to take something to bring down a temp to get through if anything to get treated somewhere else considering their hospitals are overwhelmed.
They’re actually building another hospital over it.
Just good to know what it is what it can do and how to treat it.

down 260…I “seen” gold up $16…we are 14 minutes open and the action has been very jerky jerky…I suspect the ranges have been established UNTIL asia opens…if that gets hairy then maybe the dow goes down more–then europe…t’would be nice to see the dow down an ole 400-500 pts in the am…

we’ve heard for years that the fed just has to hit a few keystrokes to make everything better…ok…I understand the concept…let’s see what the NY TRade desk can do…

If u ask me, I’d say they should let the mkt correct now cause the virus is the perfect cover instead of trump…by mid summer or  in 30 days all the losses would be made up and new highs could be touted by trump going into the erection…

a mkt this extremely stretched to the upside should just crash…there is no question that the dow would be down 1000 already were it not already being bought by the FED & PPT

looking good at the open.

Maybe some of those palladium profits are moving into G & S?

Hard to know the truth with all the noise. Don’t know what news to trust.

With the info coming from Canada and the virus plus vaccine company’s it is very suspicious imo
Coronavirus been around for awhile but that doctor only spoke half truths. He didn’t mention the difference between a mild case and a severe case what to watch for and why. This does a disservice to the public because if people get the severe case they may wait too long to get help. It’s away to prevent panic to the public.
Hopefully China which is so overpopulated has contained it pretty much.
In the mean time they’re now trying to build a hospital in 6 days as theirs not enough beds to treat all the cases. If it were mild they wouldn’t need to be Hospitalized.
I’d be interested to know the approximate real number of cases and though who had the severe form out of those cases to see what the percentage.
https://www.google.com/amp/https://www.independent.co.uk/sport/us-sport/national-basketball-association/kobe-bryant-dead-helicopter-crash-dies-age-latest-news-a9302931.html?fbclid=IwAR1tyeHufnh5AqnRydV5Epx9TJJzv1sKzfax_366IvildVIjCAUQnsiw6-Y s/amp.businessinsider.com/china-virus-wuhan-building-new-hospital-coronavirus-2020-1